Filipino-American Development Foundation

Analysis

Filipino-American Development Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Filipino-American Development Foundation reported income of $2.5m and spending of $1.9m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $660k to $2.5m (+273%), an average of +39% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Filipino-American Development Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Wells of Life Inc ($2.5m), Mid-Western Childrens Home ($2.5m) and Muscatine Community Y ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $165k (8.6% of expenses). Other salaries and wages came to $861k. At year end it held assets of $3.9m against liabilities of $1.7m, net assets of $2.2m. It reported 61 employees.